Former CFTC Chairman, Timothy Massad, has criticized the Trump Organization's launch of the Official Trump (TRUMP) token before the presidential inauguration. Massad raised concerns about potential conflicts of interest and the impact on the cryptocurrency industry. He argued that the Trump Organization was using the inauguration timing for financial gain, allowing organizations to purchase tokens to gain favor with the new administration. Massad believes this move undermines efforts to establish responsible regulation for cryptocurrencies and contradicts the purpose of supporting responsible development. As CFTC Chairman, Massad classified Bitcoin and Ethereum as commodities based on their role in financial markets.



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